Daily Q&A PDF

Current Affairs Q&A PDF – 18 May 2024

NATIONAL AFFAIRS

1. Which organisation/Industry has recently (in May ‘24) signed an MoU with the India
Electronics and Semiconductor Association (IESA) to promote the electronics and
semiconductor industry in India?
1) Associated Chambers of Commerce and Industry of India
2) Confederation of Indian Industry
3) Federation of Indian Chambers of Commerce and Industry
4) Dholera Semiconductor Fabrication
5) National Association of Software and Services Companies
Answer- 3) Federation of Indian Chambers of Commerce and Industry
Explanation:
The Federation of Indian Chambers of Commerce and Industry (FICCI) signed a Memorandum of
Understanding (MoU) with the India Electronics and Semiconductor Association (IESA), to
promote innovation, bolster the semiconductor and electronics industry, and fortify supply chains.
• The main objective of this strategic alliance between FICCI and IESA is to set up a Joint Task
Force on semiconductors and future critical technologies and to conduct technology
consultative roundtables and to foster business partnerships.
Option Revision:
1. Covered on 4th April 2024: ASSOCHAM
Sanjay Nayar, the Founder and Chairman of Sorin Investment Fund has taken over as President of the
Associated Chambers of Commerce and Industry of India (ASSOCHAM), India’s oldest apex Industry
chamber, for 2024-25.
2. Covered on 7 & 8th January 2024:Confederation of Indian Industry
Indian Railways (IR) and the Confederation of Indian Industry (CII) have signed the Memorandum of
Understanding (MoU) to reduce energy and water consumption and lower greenhouse gas (GHG)
emissions.
4. Covered on 20th March 2024: Dholera Semiconductor Fabrication
Prime Minister (PM) Narendra Modi laid the foundation stone for setting up a Semiconductor
fabrication facility at the Dholera Special Investment Region (DSIR), Dholera, Gujarat.It will be set up
by Tata Electronics Private Limited (TEPL) under the Modified Scheme for setting up Semiconductor
Fabs in India.

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BANKING AND FINANCE

2. Which regulatory body has recently(in May ‘24) granted the Life Insurance Corporation of
India (LIC) for an additional 3 years to meet Minimum Public Shareholding (MPS) norms?
1) Insurance Regulatory and Development Authority of India
2) Securities and Exchange Board of India
3) Reserve Bank of India
4) Pension Fund Regulatory and Development Authority
5) GIFT International Financial Services Centre
Answer- 2) Securities and Exchange Board of India
Explanation:
Life Insurance Corporation of India (LIC) has received the approval from Securities and Exchange
Board of India (SEBI) for an additional 3 years to comply with the Minimum Public Shareholding
(MPS) norms.
• SEBI granted this additional 3 years to LIC to achieve 10% Public shareholding under Rule
19(2) (b) (iv) of the Securities Contracts (Regulation) Rules, 1957 i.e. within a time period
of 5 years from the date of listing.
• Now, the revised timeline for LIC to achieve is on or before 16th May, 2027.

3.Which Indian digital payments company recently(in May ‘24) partnered with Sri Lanka's
LankaPay to introduce Unified Payments Interface (UPI) transactions in Sri Lanka?
1) NPCI Bharat BillPay Ltd
2) PhonePe
3) Razorpay
4) Amazon Pay
5) Paytm
Answer- 2) PhonePe
Explanation:
Bengaluru(Karnataka) based PhonePe, Indian
digital payments company, has partnered with Sri
Lanka’s LankaPay, owned by the Central Bank of Sri
Lanka, to facilitate Unified Payments Interface (UPI)
transactions for its users in Sri Lanka.
• This allows PhonePe users to make payments in Indian Rupees (INR) across LankaPay’s
merchant network, with currency exchange rates applied to transactions.

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ECONOMY AND BUSINESS

4. According to the 'World Economic Situation and Prospects (WESP) 2024 - Mid Year Update'
by the United Nations Department of Economic and Social Affairs (UN-DESA), what is the
revised GDP projection for India in 2024?
1) 6.8%
2) 6.1%
3) 6.5%
4) 6.9%
5) 6.2 %
Answer- 4) 6.9%
Explanation:
The ‘World Economic Situation and Prospects (WESP) 2024 – Mid Year Update,’ published by the
United Nations Department of Economic and Social Affairs (UN-DESA), India’s economy is estimated
to expand by 6.9% in 2024. This is an upward revision from the 6.2% Gross domestic product (GDP)
forecast made by the UN in January 2024.
• India’s GDP Growth projection for 2025 remains unchanged at 6.6%.
• The report also anticipates a deceleration of consumer price inflation in India from 5.6% in
2023 to 4.5% in 2024. This is in line with the Reserve Bank of India’s (RBI) 2% to 6% medium-
term target range.
• Global economy projected to grow by 2.7% in 2024 (up by 0.3 percentage points from January
2024 forecast), and by 2.8% in 2025 (up by 0.1 percentage points).
• Asia’s GDP growth forecast revised upwards to 5.8% in 2024, and 5.7% in 2025
Click here to read more

5.As per the data from the Ministry of Statistics and Programme Implementation (MoSPI), what
is the annual inflation rate based on the All India Consumer Price Index (CPI) for April 2024?
1) 4.70%
2) 5.43%
3) 4.83%
4) 4.11%
5) 5.26%
Answer- 3) 4.83%
Explanation:
As per the data from the Ministry of Statistics and Programme Implementation (MoSPI), The annual
inflation rate based on all India Consumer Price Index (CPI) number is 4.83% (Provisional) in April
2024, slightly down from 4.85% in March 2024, despite a continued surge in food prices. This
decrease is attributed mainly to lower fuel prices.
• Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively.
• The Consumer Price Index (CPI) -based retail inflation was 4.7% in April 2023.

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AWARDS AND RECOGNITION

6. According to Forbes’ World’s Highest-Paid Athletes 2024 list released in May 2024, who is
the highest-paid athlete in the world?
1) Novak Djokovic
2) Cristiano Ronaldo
3) Lionel Messi
4) Virat Kohli
5) Jon Rahm
Answer- 2) Cristiano Ronaldo
Explanation:
On May 16, 2024, Forbes’ released the list of World’s
Highest-Paid Athletes 2024 featuring top 50 highest
paid athletes. Soccer Player Cristiano Ronaldo
(Portugal) topped the list with a total earnings of USD
260 million, which includes USD 200 million on the
field earnings and USD 60 million off the field earnings.
• Spanish golfer Jon Rahm stands 2nd with a
total earning of USD 218 million and
Argentine Soccer player Lionel Messi stands
3rd with USD 135 million.
• According to Forbes, the world’s 10 highest-paid athletes collectively earned USD 1.38
billion before taxes and agents’ fees over the past 12 months, which is the highest total
ever.

7. Which space organisation has recently (in May ‘24) won the Geospatial Leadership Awards
2024 for “Enabling Industry Development in Public Policy” during the Geospatial World Forum
2024 held in Rotterdam, the Netherlands?
1) Indian Space Research Organisation
2) National Aeronautics and Space Administration
3) Space Exploration Technologies Corporation
4) Indian National Space Promotion and Authorisation Centre
5) Japan Aerospace Exploration Agency
Answer- 4) Indian National Space Promotion and Authorisation Centre
Explanation:
Indian National Space Promotion and Authorisation Centre (IN-SPACe), under the Department of
Space (DOS), Government of India, has won the Geospatial World Leadership Award 2024 under
“Enabling Public Policy” category.
• Geospatial Leadership Awards was presented during the Geospatial World Forum (GWF)
2024 held in Rotterdam, The Netherlands on 14th May 2024.
• IN-SPACe was honoured for Public Policy: Enabling Industry Development.
• The award acknowledges the outstanding contributions made by IN-SPACe to the
international Geospatial field which help in fostering the growth and development of the
space sector in India and also its support to Non-Government Entities(NGEs) in the space
economy. Click here to read more

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8. In May 2024, Sela Tunnel was recognised as India’s highest tunnel by the International Book
of Honour (IBH), England, United Kingdom (UK).
The Sela Tunnel was constructed in which state/UT?
1) Jammu and Kashmir
2) Assam
3) Arunachal Pradesh
4) Gujarat
5) Chhattisgarh
Answer- 3) Arunachal Pradesh
Explanation:
Arunachal Pradesh’s Sela Tunnel, an engineering
marvel has been recognised as India’s Highest Tunnel
by the International Book of Honour (IBH), England,
United Kingdom (UK). This recognition underscores the
achievement of the Border Road Organisation (BRO) in
constructing the tunnel at an altitude of 13,000 feet
through Project VARTAK with construction carried out
by Patel Engineering Limited.
• Sela Tunnel is the world’s longest bi-lane
tunnel constructed on the road connecting Tezpur, Assam to Tawang in the West Kameng
district of Arunachal Pradesh.
• The 2.598 km-long Sela Tunnel on Tezpur-Tawang Road ensures year-long connectivity to
the strategic Tawang Region.
• Constructed at a cost of Rs 825 crore, the tunnel ensures all-weather connectivity along the
National Highway (NH)-13 road to Tawang via Sela Pass on the Balipara – Chariduar –
Tawang Road.

APPOINTMENTS AND RESIGNATIONS

9. Who has been recently(in May ‘24) elected as the president of the Supreme Court Bar
Association (SCBA)?
1) Arvind Panagariya
2) Kapil Sibal
3) Bhushan Ramakrishna Gavai
4) Indra Mani Pandey
5) Pradeep Kumar Rai
Answer- 2) Kapil Sibal
Explanation:
Kapil Sibal, senior advocate and former Union Minister of Law and Justice has been elected as the
President of Supreme Court Bar Association (SCBA) for the fourth time.
• Kapil Sibal won the election by securing 1,066 votes, defeating Pradeep Kumar Rai, a
senior advocate who secured 689 votes.
• Sibal would take over from the incumbent, senior advocate Adish C. Aggarwala
• Other Appointments: Rachna Srivastava, senior advocate has been elected as the Vice
President and Vikrant Yadav, advocate as Secretary of SCBA.

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10. Who has been recently(in May ‘24) appointed as Prime Minister(PM) of the Republic of
Croatia?
1) Andrej Plenkovic
2) Ousmane Sonko
3) Luis Montenegro
4) Simon Harris
5) Robert Fico
Answer- 1) Andrej Plenkovic
Explanation:
On 17th May 2024, Andrej Plenkovic (54 years), incumbent Croatian Prime Minister(PM) and
President of the Croatian Democratic Union (HDZ) party, has been appointed as PM of the Republic
of Croatia for 3rd consecutive term.
• He has been serving as the PM of Croatia since 19th October 2016.
• HDZ party has won 61 seats while the Homeland Movement (DP) won 14 seats.

11. Who has been recently (in May ‘24) elected as the President of the Republic of Chad?
1) Gabriel Attal
2) Félix-Antoine Tshisekedi Tshilombo
3) Peter Pellegrini
4) Mahamat Idriss Déby Itno
5) Bola Ahmed Tinubu
Answer- 4) Mahamat Idriss Déby Itno
Explanation:
Mahamat Idriss Déby Itno has been elected as the President of the Republic of Chad. He has been
serving as the head of the state of Chad since April 2021.
• Mahamat Idriss Déby Itno, son of Late President of Chad Idriss Déby, ran as the candidate
of the Patriotic Salvation Movement Party(MPS).
• He won the 2024 presidential election of Chad with 61% of the total votes.

ACQUISITIONS & MERGERS

12. Which company has recently (in May ‘24) acquired Shriram Housing Finance Ltd (SHFL),
the housing-finance subsidiary of Shriram Finance Ltd (SFL) for Rs 4,630 crore?
1)IndusInd International Holdings Limited
2) Axis Bank Limited
3) Warburg Pincus
4) Brookfield Asset Management
5) ICICI Venture
Answer- 3) Warburg Pincus
Explanation:
Chennai, Tamil Nadu-based Shriram Finance Ltd (SFL) has approved the sale of its housing-finance
subsidiary, Shriram Housing Finance Ltd (SHFL), to New York, United States (US)-based equity firm
Warburg Pincus, for Rs 4,630 crore.
• The acquisition includes equity and convertible instruments of SHFL and is subject to
regulatory approvals.

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• As part of the transaction, Valiant Partners LP, Mauritius, a minority shareholder in SHFL,
and SFL will fully sell its equity stake to Warburg Pincus.
• Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment, and
will infuse Rs 1,000 crore in equity.

SPORTS

13. Who recently won the gold medal in the javelin throw at the 27th National Federation
Senior Athletics Competition 2024?
1) Sheetal Devi
2) Neeraj Chopra
3) Jyothi Yarraji
4) Vritti Agarwal
5) DP Manu
Answer- 2) Neeraj Chopra
Explanation:
2020 Tokyo Olympics Gold medalist Neeraj Chopra
won the Gold medal in the men’s Javelin with 82.27
meter(m) throw in 27th National Federation Senior
Athletics Competition 2024. The tournament held at
Kalinga Stadium in Bhubaneswar, Odisha.
• This was the first time for Neeraj Chopra
from Haryana to participate in an event in
India in three years. Last time, he competed
at the Federation Cup in 2021 and won a
gold medal with an 87.80 m throw.
• DP Manu from Karnataka won the Silver medal with 82.06m throw and Uttam Balasaheb
Patil from Maharashtra won the Bronze medal with 78.39m.

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OBITUARY

14. In May 2024, _________________, the veteran Congress leader and former governor of Gujarat
(2009–2014), passed away.
1) Aziz Qureshi
2) C.P. Radhakrishnan
3) Ved Prakash Nanda
4) Sreenivasa Prasad
5) Kamla Beniwal
Answer- 5) Kamla Beniwal
Explanation:
A veteran Congress leader and former Gujarat Governor Dr Kamla Beniwal has passed away at the
age of 97 at a private hospital in Jaipur, Rajasthan. She was born on 12th January 1927 in Jhunjhunu,
Rajasthan.
• At the age of 15, she joined the Indian National Congress (INC) and participated in the Quit
India Movement (1942).
• At the age of 27, she became the first woman minister in Rajasthan.
• She has also served as the Governor of Gujarat (2009 to 2014) and Mizoram (July 2014 to
August 2014) and as Deputy Chief minister of Rajasthan.
• Beniwal was awarded the ‘Tamra Patra Award’ by then Prime Minister of India, Indira
Gandhi.

IMPORTANT DAYS

15. When was the World Telecommunication and Information Society Day observed across the
globe?
1) October 31
2) September 28
3) May 17
4) October 24
5) March 13
Answer- 3) May 17
Explanation:
The United Nations (UN) World Telecommunication and Information Society Day (WTISD) 2024
was observed across the globe on 17 May to raise awareness of the benefits of the Internet and other
information and communication technologies (ICT).
• WTISD 2024 was observed under the theme: “Digital Innovation for Sustainable
Development.”
• World Telecommunication Day has been celebrated annually on 17 May since 1969.

16. When was World Hypertension Day observed across the globe to increase awareness of
Hypertension and stimulate global action to combat high blood pressure?
1) April 15
2) January 28

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